Location with demand!
- Potential early surrender of lease from BNZ
- Current rental appraisal indicates upside
- High profile site in heart of Katikati CBD
- Suit passive investors /owner occupiers
This property comprises a well presented former retail banking premises tenanted by BNZ Bank, however this branch has now closed but the current lease term does not expire until 29 July 2023. The BNZ have indicated they would be open to an early surrender of the lease subject to negotiation.
Positioned on a high profile site on the northern entrance to the Katikati CBD the property enjoys excellent profile and exposure to huge daily traffic flows passing through the town centre. National neighbours include Paper Plus, Unichem, ANZ, Westpac and BP2Go.
Given the remaining lease tenure to the BNZ the property provides an immediate opportunity to capitalise on the current lease surrender and options to re-lease, refurbish or repurpose to realise the outstanding potential on offer here.